1323 Madison AveNew York, NY 10128

Property Details for 1323 Madison Ave

Year built

1910

Lot size

0.03 AC

Property size (Sq ft)

5,920 SF

Zone code

R10

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01505-0121

APU

15050121

Description

This exceptional 1,300 square foot retail space is ideally situated on Madison Avenue in New York County. Currently entirely vacant, this property offers immediate possession for a discerning tenant seeking a high-visibility location. The space boasts impressive features including a 20-foot frontage, providing excellent street presence and attracting significant foot traffic. The high ceilings, measuring 12 feet, create a spacious and airy atmosphere, perfect for a variety of retail concepts. The entire 1,300 square feet is available for lease, presenting a unique opportunity to establish a flagship location or expand an existing business in a prime Manhattan commercial corridor. The property's multiple tenancy designation suggests flexibility in lease terms and potential for future expansion within the building. This is a rare chance to secure a prominent retail space in a highly sought-after area, offering immediate occupancy and significant potential for growth. The property's size and location make it suitable for a wide range of retail businesses, from boutiques and cafes to specialty stores and showrooms. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The building's location on Madison Avenue ensures high visibility and accessibility, attracting a diverse clientele. This is a turnkey solution for businesses seeking a ready-to-occupy space in a vibrant and prestigious neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $978,753

  6.5%

  $903,464

  7%

  $838,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $773,507

  Geo Method

  $773,507

• Alternative Use

  Use

  Valuation

  Residential

  $1,120,296

  Hospitality

  $1,026,185

  Educational

  $853,774

  Medical

  $883,136

  Retail

  $1,328,092

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7853

Longitude

-73.9552

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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